After years of trying, it looks like SCI-Arc is finally going to own its building in Downtown LA’s Arts District. According to the school the project should close escrow before this May. According to blogdowntown, the school will pay $23.1 million for the 100,000-square-foot building and its surrounding 4.75 acre lot. The deal had been held up because of property owner Meruelo Maddux’s continuing bankruptcy, but the company just settled with its debtor, Legendary Investors Group, which has pledged to honor the deal. “We don’t want to be renters anymore. SCI-Arc is absolutely committed to downtown,” SCI-Arc director Eric Owen Moss told AN when recently discussing the project. Interesting facts about the building: The quarter-mile-long Santa Fe Train Depot was converted into the school’s campus in 2000. Built in 1907, the depot was designed by Harrison Albright. At 1,250 feet long, if it were upended, it would be as tall as the Empire State Building.
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